The stock of Generac Holdings Inc. (NYSE:GNRC) hit a new 52-week high and has $43.65 target or 4.00% above today’s $41.97 share price. The 7 months bullish chart indicates low risk for the $2.72 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $43.65 price target is reached, the company will be worth $108.80 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 112,762 shares traded hands. Generac Holdings Inc. (NYSE:GNRC) has risen 7.24% since April 22, 2016 and is uptrending. It has outperformed by 1.83% the S&P500.

Analysts await Generac Holdings Inc. (NYSE:GNRC) to report earnings on February, 21. They expect $1.03 EPS, up 6.19% or $0.06 from last year’s $0.97 per share. GNRC’s profit will be $66.75 million for 10.19 P/E if the $1.03 EPS becomes a reality. After $0.82 actual EPS reported by Generac Holdings Inc. for the previous quarter, Wall Street now forecasts 25.61% EPS growth.

Generac Holdings Inc. (NYSE:GNRC) Ratings Coverage

Out of 5 analysts covering Generac Holdings (NYSE:GNRC), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. Generac Holdings has been the topic of 6 analyst reports since August 7, 2015 according to StockzIntelligence Inc. The stock of Generac Holdings Inc. (NYSE:GNRC) earned “Neutral” rating by Suntrust Robinson on Tuesday, November 3. The firm earned “Buy” rating on Monday, March 14 by Bank of America. Bank of America upgraded the shares of GNRC in a report on Thursday, October 29 to “Neutral” rating. The rating was initiated by SunTrust on Tuesday, November 3 with “Neutral”. The stock of Generac Holdings Inc. (NYSE:GNRC) earned “Neutral” rating by Northcoast on Wednesday, December 30.

According to Zacks Investment Research, “Generac Holdings Inc. is a manufacturer of backup power generation products serving residential, light commercial and industrial markets. The Company designs, engineers, manufactures, and markets a range of automatic, stationary standby, and portable generators. Generac’s power systems range in output from 800 watts to 9 megawatts and are available through a broad network of independent and industrial dealers, retailers and wholesalers. The Company offers generators fueled by natural gas, liquid propane, gasoline, diesel, and Bi-Fuel. It also provides air-cooled engines. In addition, Generac designs, manufactures, sources and modifies engines, alternators, automatic transfer switches and other components necessary for its products. The Company’s generators are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel (combined diesel and natural gas). Generac Holdings Inc. is headquartered in Waukesha, Wisconsin.”

Insitutional Activity: The institutional sentiment increased to 1.2 in Q2 2016. Its up 0.56, from 0.64 in 2016Q1. The ratio increased, as 28 funds sold all Generac Holdings Inc. shares owned while 73 reduced positions. 18 funds bought stakes while 47 increased positions. They now own 68.93 million shares or 1.52% less from 69.99 million shares in 2016Q1.
Moreover, Emerald Advisers Inc Pa has 0.37% invested in Generac Holdings Inc. (NYSE:GNRC) for 217,541 shares. Susquehanna Llp, a Pennsylvania-based fund reported 81,760 shares. Renaissance Ltd Liability Corporation accumulated 211,400 shares or 0.01% of the stock. Tiverton Asset Mgmt Lc last reported 0.76% of its portfolio in the stock. Associated Banc accumulated 39,318 shares or 0.09% of the stock. Greylin Investment Mangement last reported 0.09% of its portfolio in the stock. Kestrel Inv Corp holds 245,775 shares or 3.55% of its portfolio. Wfg L P accumulated 0.03% or 3,586 shares. Strs Ohio reported 6,800 shares or 0% of all its holdings. Tiaa Cref Invest Management Ltd Liability Corp has 202,969 shares for 0.01% of their US portfolio. Moreover, Columbia Wanger Asset Management Ltd Limited Liability Company has 0.63% invested in Generac Holdings Inc. (NYSE:GNRC) for 1.56 million shares. Paloma Com holds 35,497 shares or 0.01% of its portfolio. Principal Fincl Gp Incorporated last reported 0% of its portfolio in the stock. Thompson Siegel Walmsley Limited Liability Co accumulated 0% or 375 shares. Benjamin F Edwards And Comm holds 0.09% or 12,888 shares in its portfolio.

Insider Transactions: Since November 15, 2016, the stock had 0 buys, and 1 sale for $1.10 million net activity. Ragen York A. had sold 26,685 shares worth $1.10M.

GNRC Company Profile

Generac Holdings Inc. (Generac), incorporated on September 12, 2006, is a designer and maker of a range of power generation equipment and other engine powered products. The Firm serves the residential, light commercial, industrial, gas and oil, and construction markets. The other engine powered products that the Company creates and makes include light towers, which provide temporary lighting for various end markets; commercial and industrial mobile heaters used in the gas and oil, construction and other industrial markets, and a product line of outdoor power equipment for residential and commercial use. It designs, makes, sources and modifies engines, alternators, transfer switches and other components necessary for its products, which are fueled by natural gas, liquid propane, gasoline, diesel and Bi-Fuel.